MBC says its transition from the microfinance sector to the microbanking market was a strategically justified decision. According to MBC CEO Gia Petriashvili, the increase in lending limits has accelerated the growth of the company’s loan portfolio.
Petriashvili said that although MBC is not yet issuing loans of up to GEL 1 million, the higher lending limit has allowed the company to enter the small and medium-sized business lending market.
“Looking back at almost two years, we believe we made an absolutely correct decision and that it was strategically justified. Of course, our main interest was to enter the deposits market, which we are actively developing, and our deposit portfolio is growing significantly. As for issuing new, larger loans, we are approaching this more cautiously. While our previous limit was GEL 200,000, today we issue loans of up to GEL 500,000. We have not yet reached GEL 1 million, but that point is not far away. We are also trying to adapt almost all banking products to our target customers, including households, relatively low-income customers and start-up businesses,” Petriashvili said.
There are currently two microbanks operating in Georgia - MBC and Crystal. Both microbanks ended the first half of 2026 with a profit. According to data submitted to the National Bank of Georgia, their combined net profit amounted to nearly GEL 10.5 million.
